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| | | |
Public
Offering Price |
| | |
Selling
Commissions(3)(4)(5) |
| | |
Dealer
Manager Fee(3)(4) |
| | |
Proceeds,
Before Expenses, to Us |
| ||||||||||||
Maximum Primary
Offering(1)(2) |
| | | | $ | 500,000,000.00 | | | | | | $ | 35,000,000.00 | | | | | | $ | 15,000,000.00 | | | | | | $ | 450,000,000.00 | | |
Series J Preferred Stock, per share
|
| | | | $ | 25.00 | | | | | | $ | 1.75 | | | | | | $ | 0.75 | | | | | | $ | 22.50 | | |
Series K Preferred Stock, per share
|
| | | | $ | 25.00 | | | | | | | — | | | | | | $ | 0.75 | | | | | | $ | 24.25 | | |
Maximum DRP(1)
|
| | | | $ | 200,000,000.00 | | | | | | | — | | | | | | | — | | | | | | $ | 200,000,000.00 | | |
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Maximum Offering
|
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| | |
Amount
|
| |
Percent
|
| ||||||
Gross offering proceeds
|
| | | $ | 500,000,000 | | | | | | 100.0% | | |
Offering expenses: | | | | | | | | | | | | | |
Selling commission(1)
|
| | | $ | 35,000,000 | | | | | | 7.0% | | |
Dealer manager fee(1)
|
| | | $ | 15,000,000 | | | | | | 3.0% | | |
Other offering expenses(2)
|
| | | $ | 7,500,000 | | | | | | 1.5% | | |
Estimated net process
|
| | | $ | 442,500,000 | | | | | | 88.5% | | |
| | |
Maximum Offering
|
| |||||||||
| | |
Amount
|
| |
Percent
|
| ||||||
Gross offering proceeds
|
| | | $ | 500,000,000 | | | | | | 100.0% | | |
Offering expenses: | | | | | | | | | | | | | |
Selling commission(1)
|
| | | $ | — | | | | | | —% | | |
Dealer manager fee(1)
|
| | | $ | 15,000,000 | | | | | | 3.0% | | |
Other offering expenses(2)
|
| | | $ | 7,500,000 | | | | | | 1.5% | | |
Estimated net process
|
| | | $ | 477,500,000 | | | | | | 95.5% | | |
| | |
Maximum Offering
|
| |||||||||
| | |
Amount
|
| |
Percent
|
| ||||||
Gross offering proceeds
|
| | | $ | 500,000,000 | | | | | | 100.0% | | |
Offering expenses: | | | | | | | | | | | | | |
Selling commission(1)
|
| | | $ | 28,000,000 | | | | | | 5.6% | | |
Dealer manager fee(1)
|
| | | $ | 15,000,000 | | | | | | 3.0% | | |
Other offering expenses(2)
|
| | | $ | 7,500,000 | | | | | | 1.5% | | |
Estimated net process
|
| | | $ | 449,500,000 | | | | | | 89.9% | | |
|
Selling Commission as a Percentage of
Gross Offering Proceeds |
| |
Public Offering Price Per Share of
Series J Preferred Stock |
| |||
|
7.00%
|
| | | $ | 25.00 | | |
|
6.50%
|
| | | $ | 24.88 | | |
|
6.00%
|
| | | $ | 24.75 | | |
|
5.50%
|
| | | $ | 24.63 | | |
|
5.00%
|
| | | $ | 24.50 | | |
|
4.50%
|
| | | $ | 24.38 | | |
|
4.00%
|
| | | $ | 24.25 | | |
|
3.50%
|
| | | $ | 24.13 | | |
|
3.00%
|
| | | $ | 24.00 | | |
|
2.50%
|
| | | $ | 23.88 | | |
|
2.00%
|
| | | $ | 23.75 | | |
|
1.50%
|
| | | $ | 23.63 | | |
|
1.00%
|
| | | $ | 23.50 | | |
|
0.50%
|
| | | $ | 23.38 | | |
|
0.00%
|
| | | $ | 23.25 | | |
|
Dealer Manager Fee as a Percentage of
Gross Offering Proceeds |
| |
Reduction to Public Offering Price Per
Share of Series J Preferred Stock |
| |||
|
3.00%
|
| | | $ | 0.00 | | |
|
2.50%
|
| | | $ | 0.12 | | |
|
2.00%
|
| | | $ | 0.25 | | |
|
1.50%
|
| | | $ | 0.37 | | |
|
1.00%
|
| | | $ | 0.50 | | |
|
0.50%
|
| | | $ | 0.62 | | |
|
0.00%
|
| | | $ | 0.75 | | |
|
Dealer Manager Fee as a Percentage of
Gross Offering Proceeds |
| |
Public Offering Price Per Share of
Series K Preferred Stock |
| |||
|
3.00%
|
| | | $ | 25.00 | | |
|
2.50%
|
| | | $ | 24.88 | | |
|
2.00%
|
| | | $ | 24.75 | | |
|
1.50%
|
| | | $ | 24.63 | | |
|
1.00%
|
| | | $ | 24.50 | | |
|
0.50%
|
| | | $ | 24.38 | | |
|
0.00%
|
| | | $ | 24.25 | | |
|
Selling commissions (maximum)
|
| | | $ | 35,000,000 | | |
|
Dealer manager fee (maximum)
|
| | | $ | 15,000,000 | | |
| Total(1) | | | | $ | 50,000,000 | | |
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